RTTNews | Jul 29, 2021 06:51AM EDT

06:50 Thursday, July 29, 2021 (RTTNews.com) - LendingClub Corp. (LC) shares are gaining more than 44 percent on the premarket session on Thursday morning after the company reported profit for the quarter, compared to loss last year.

The company posted a quarterly profit of $9.37 million or $0.09 per share, compared to loss of $47.08 million or $0.49 per share in the prior year.

Revenue for the quarter increased to $204.38 million from $40.36 million in the previous year.

Currently, shares are at $16.25, up 45.78 percent from the previous close of $15.94. For the 52-week period, the shares have traded in a range of $4.32-$22.68 on average volume of 1,638,083.

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